Economy

The Tehran prosecutor general has spoken out against directed credit schemes by banks, stressing that loan allocation violations must be reviewed by the experts.

The housing market is likely to pick up in the next fiscal year (starting March 20) and since most tenants are economically disadvantaged, it is hoped that rents will remain steady or rise…

More than 13.5 trillion rials (around $360 million) worth of foreign direct investments have been made in Alborz Province since President Hassan Rouhani took office in August 2013, the head of…

A consortium of Iranian private companies has signed a deal worth $1 billion with the Iranian Mines and Mining Industries Development and Renovation Organization to develop one of Iran’s largest…

The budget law of the upcoming fiscal year (March 2017-18) has projected 1,150 trillion rials ($30.59 billion) in tax and customs revenues.

Over the past two years, as many as 4,200 gold and jewelry businesses have closed shops across the country, said a board member of Gold and Jewelry Employers’ Association of Tehran Province,…

Tehran Stock Exchange’s main index inched up 13.4 points or 0.02% to end Sunday trade at 76,329.0.

More than 3.3 billion shares valued at $140 million changed hands for the day.

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Industrial exports grew 13.66% in the third quarter of the current Iranian year (Sept. 22-Dec.

The government earned 1,032 trillion rials ($27.5 billion) during the first 10 months of the current Iranian year (March 20, 2016-Jan. 19, 2017), according to the Central Bank of Iran’s latest…

Avian influenza has spread across the country and at present 24 provinces are affected by the disease, according to the head of the board of directors at Tehran’s Union of Producers of Egg-Laying…

Iran Health Insurance Organization should operate on a tight budget of 160 trillion rials ($4.25 billion) next year (March 2017-18), Minister of Cooperatives, Labor and Social Welfare Ali Rabiei…

Some 1.4 million tons of oil meals were imported during the 11 months to Feb. 18, secretary of the Iranian Association of Vegetable Oil Extraction Industry said.

“The unrestrained imports…

A recent study says 12% of Iranians believe that social media networks and applications should be filtered with immediate effect.

British mobile operator Vodafone risks being left on the sidelines as rivals converge to break free from just selling ever-cheaper data bundles and become internet companies offering combined…

Following the release this week by WikiLeaks of alleged CIA hacking of Samsung Smart televisions, globally popular (not in Iran) messaging app Viber announced it has launched its latest new…

A vacation site claiming to offer “the best package vacation deals” was launched at the end of 2016 according to local website news agency WEBNA, and is now being aggressively promoted. The new…

President Hassan Rouhani's executive order to transfer all government accounts to the Central Bank of Iran will be completed next year, the director of CBI's Office for Banknote Issuance said.…

The Iranian banking system is not bankrupt contrary to some reports and the Central Bank of Iran is in control, the vice governor of CBI said.

The head of Tehran Chamber of Commerce, Industries, Mines and Agriculture has called for the unification of foreign exchange rates and criticized the current dual rate system.”

The International Monetary Fund is optimistic that Iran can unify its dual foreign exchange rates in 2017-18 despite recent challenges facing the country, such as currency market volatility.

The rate of smuggling is expected to decline by 20% from last year’s $15.5 billion and reach $12-13 billion this year, the spokesman of Headquarters for Combating Smuggling of Commodities and…

The government grants 860 billion rials ($22.9 million) worth of subsidies to media groups every year.  Minister of Culture and Islamic Guidance Reza Salehi Amiri added that in the current…

There are 19 million vehicles in Iran, Minister of Roads and Urban Development Abbas Akhoundi announced. “Including the motorcycles, the figure tops 29 million,” he was quoted as saying by the…

Mashhad International Airport handled 9.41 million passengers and 65,343 flights during the 11 months to February 18, registering an increase of 18% and 17% respectively compared with the…

The second meeting of the Supreme Labor Council on setting the next Iranian year’s (March 2017-18) minimum wage for nearly 13 million Iranian workers will be held today at the Ministry of…